March 2nd COE Bidding Results (2025): Prices Rise Across All Categories

The second COE bidding exercise for March 2025 has concluded - and premiums are up across the board. With the school holiday season and March registrations in full swing, demand is showing no signs of slowing.

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The latest COE bidding exercise on 19 March 2025 saw premiums climb across all categories, with the most notable increase in Category E (Open), which surged by $4,090 to $116,991.

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Here’s a breakdown of the results and what they mean for drivers and car buyers in Singapore.

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March 19 COE Results Summary

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Cat A (Cars ≤ 1600cc & 97kW)

Premium: $94,502

⬆️ Increased by $1,772

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Cat A saw a moderate increase this round, despite receiving the highest number of bids at 1,951. This suggests that while demand remains strong, buyers are treading cautiously as prices hover below the $95K mark. Market observers point to possible strategic bidding by buyers anticipating further rises.

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Cat B (Cars > 1600cc or 97kW)

Premium: $116,890

⬆️ Increased by $3,890

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Cat B continues its upward trend, nearing the $117K mark. With demand remaining resilient among luxury car buyers and those using Cat B COEs for EVs, this category shows little sign of softening.

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Cat C (Goods Vehicles & Buses)

Premium: $70,089

⬆️ Increased by $3,088

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A steep rise for Cat C, as the premium crossed the $70K threshold again. The spike may be due to fleet renewals following budget allocations from businesses starting their new financial year.

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Cat D (Motorcycles)

Premium: $9,511

⬆️ Increased by $310

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While the increase in Cat D was less dramatic, prices have now crossed the $9.5K mark. This suggests continued competition, possibly fueled by new riders entering the market or delivery fleet expansions.

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Cat E (Open Category)

Premium: $116,991

⬆️ Increased by $4,090

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Cat E recorded the highest jump this round, just shy of $117K. The premium is now closely aligned with Cat B, indicating sustained demand from luxury car buyers seeking flexibility in registration.

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What This Means for Car Buyers and Owners

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This round of bidding reinforces a few key trends for Singapore drivers:

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• Mid-range cars remain in demand: While Cat A dipped slightly, demand is still strong, with nearly 2,000 bids submitted. This suggests price-conscious buyers are still actively entering the market despite economic uncertainties.
• Luxury & performance vehicle costs continue to rise: Cat B and E continue their upward trajectory, signalling that high-income buyers remain undeterred. If you’re looking to enter these categories, budgeting ahead is critical.
• Commercial vehicles under pressure: The $3,088 increase in Cat C suggests fleet operators are starting to feel the heat from tightening quotas. If you’re in the logistics or transport business, now might be the time to act before prices climb further.
• Motorcycles see steady growth: Cat D premiums have climbed consistently over the past few months, making it more expensive for new riders to enter the market.

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Our Take: What’s Driving These Changes

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Several key factors are influencing this latest round of COE price shifts:

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• Tight Quotas in Cat B and E: With only 747 and 198 quotas respectively, it’s no surprise that premiums soared. Demand continues to outstrip supply, especially for luxury sedans and high-performance vehicles.
• Commercial Sector Rebalancing: After several rounds of stability, Cat C’s sharp rise could signal pent-up demand from fleet operators who’ve been holding back due to economic uncertainty.
• General Market Sentiment: Despite economic headwinds, consumer confidence appears steady - especially in the premium segment. Buyers continue to view COE as a long-term investment, especially with limited car population growth.

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Stay Ahead with BCC Automotive

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COE premiums are showing no signs of stabilising, and for many drivers, every bidding exercise brings new questions. Whether you're thinking of renewing, upgrading, or simply maintaining your vehicle - being informed is key.

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At BCC Automotive, we’ve proudly served the motoring community in Singapore for 50 years, delivering trusted servicing and repair solutions across generations.

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And as part of our 50th Year Special, we’re now an official LIQUI MOLY Authorised Dealer in Singapore. Explore our curated range of German-engineered engine oils and treatments, now available with our LIQUI MOLY Servicing Package.